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$5.54 greencross limited

Bell Potter report, page-9

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goatpointer

1,626 Posts.

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03/10/17

13:22

Post #: 27621891
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Originally posted by Maestro73 ↑

imo, GXL have been quite a volatile stock over the last few years. They seem to have a bit of a love-hate relationship with the market. That being said, the volatility has reduced annually over the last 5 years and was at its lowest this financial year. I wouldn't expect to see the highs of 2015 any time soon, and I wouldn't be surprised to see it continue to fall.

Fundamentally, there are a few little issues that may raise a few eyebrows, but I'm generally happy. I believe it's probably only slightly undervalued at the moment based on their current earnings. I'm happy with managements direction over the long term and once the revenues start to flow through from co-located clinics, I think we'll see some movement in an upwards direction.

GXL has also been well and truly caught up in the Amazon hype that has hit the entire retail sector this year. But given that Amazon will not compete on every level with GXL, it's difficult to know what impact they will have.

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Anecdotal comments from the UK and Canadian experience is that Amazon will have very little impact.

GXL Price at posting: $5.33 Sentiment: Buy Disclosure: Held
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